RH Petrogas Limited ("RHP") is an independent upstream oil and gas company headquartered in Singapore and listed on the mainboard of the Singapore Stock Exchange. RHP and its subsidiaries (the "Group") operate across the full range of upstream activities covering the exploration, development and production of oil and gas resources. Geographically, the Group is focused in the Asia region.
The Group's current portfolio consists of three upstream assets located in Indonesia and Malaysia. These assets are awarded to the Group and its partners under production sharing contracts ("PSCs") entered into with government agencies or National Oil Companies of the respective host countries where the assets are located. Under the PSCs, the Group and its partners are Contractors to the host governments and bear the risk and cost for the exploration and production of oil and gas resources in exchange for a share of the production. The Group is the operator for two of its assets on behalf of its other partners. Currently, two of the Group's assets are in the production phase and one in the exploration phase.
The Group seeks to grow its business organically through exploration and by extending the life of its existing assets through in-fill drillings, enhanced oil recovery ("EOR"), development of undeveloped discoveries and contract extensions. In addition, the Group also seeks to grow through acquisition and is constantly on the lookout for the right opportunities in the market, with a focus on low to medium risk conventional oil and gas assets. The Group will leverage on its regional expertise and experience to grow and expand in the Asian oil and gas market.
RHP aspires to be a leading independent oil and gas company in the region.